COSMOS - ATOM/USD - Daily - Technical analysis published on 07/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 8.74 USD
My targets
10.19 USD (+5.89%)
12.81 USD (+33.19%)
My analysis
The strong short-term increase in COSMOS - ATOM/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 8.74 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 10.19 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12.81 USD as an objective. Crossing it would then enable buyers to target 21.30 USD. Caution, a return under 8.74 USD could jeopardize the reversal.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COSMOS - ATOM/USD price is 9.62 USD. The price is lower by -0.10% since the last closing and was between 9.24 USD and 9.80 USD. This implies that the price is at +4.11% from its lowest and at -1.84% from its highest.9.24
9.80
9.62
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on COSMOS - ATOM/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this COSMOS - ATOM/USD chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.62 | 8.74 | 9.62 | 21.30 | 29.51 | 37.60 |
| Change (%) | -83.16% | -9.15% | - | +121.41% | +206.76% | +290.85% |
| Change | -8.00 | -0.88 | - | +11.68 | +19.89 | +27.98 |
| Level | Minor | Major | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.04 | 8.46 | 9.04 | 9.46 | 10.04 | 10.46 | 11.04 |
| Camarilla | 9.36 | 9.45 | 9.54 | 9.63 | 9.72 | 9.81 | 9.91 |
| Woodie | 8.13 | 8.50 | 9.13 | 9.50 | 10.13 | 10.50 | 11.13 |
| Fibonacci | 8.46 | 8.84 | 9.08 | 9.46 | 9.84 | 10.08 | 10.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.87 | 6.65 | 7.94 | 8.72 | 10.01 | 10.79 | 12.08 |
| Camarilla | 8.67 | 8.86 | 9.05 | 9.24 | 9.43 | 9.62 | 9.81 |
| Woodie | 6.14 | 6.78 | 8.21 | 8.85 | 10.28 | 10.92 | 12.35 |
| Fibonacci | 6.65 | 7.44 | 7.93 | 8.72 | 9.51 | 10.00 | 10.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.29 | 2.91 | 5.24 | 7.86 | 10.19 | 12.81 | 15.14 |
| Camarilla | 6.20 | 6.65 | 7.11 | 7.56 | 8.01 | 8.47 | 8.92 |
| Woodie | 0.14 | 2.84 | 5.09 | 7.79 | 10.04 | 12.74 | 14.99 |
| Fibonacci | 2.91 | 4.80 | 5.97 | 7.86 | 9.75 | 10.92 | 12.81 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.09 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 8.21 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 9.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.47 | |
| Elder Ray (13): | 0.60 | |
| Super Trend (3,10): | 7.28 | |
| Zig ZAG (10): | 9.59 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 80.95 | |
| TEMA (21): | 9.57 | |
| Williams %R (14): | -11.02 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | 6.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3600 | |
| Courbe Coppock: | 15.04 |
| MA7: | 9.08 | |
| MA20: | 8.70 | |
| MA50: | 8.23 | |
| MA100: | 12.45 | |
| MAexp7: | 9.16 | |
| MAexp20: | 8.74 | |
| MAexp50: | 9.40 | |
| MAexp100: | 12.72 | |
| Price / MA7: | +5.95% | |
| Price / MA20: | +10.57% | |
| Price / MA50: | +16.89% | |
| Price / MA100: | -22.73% | |
| Price / MAexp7: | +5.02% | |
| Price / MAexp20: | +10.07% | |
| Price / MAexp50: | +2.34% | |
| Price / MAexp100: | -24.37% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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